Chinese stocks fell Monday morning on heavy selling of real estate developers and resource shares.
The benchmark Shanghai Composite Index dropped 3.4 percent, or 68.82 points, by midday to 1,931.75.
Weekend news of a European bank rescue plan failed to stir buying enthusiasm.
China Vanke, a leading property developer, dropped 4.7 percent to 5.63 yuan while Poly Real Estate sank 7.6 percent to 12.45 yuan.
Expectations that slower growth resulting from the deepening financial crisis will hurt demand continued to drag resource shares lower.
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